PUBLISHER: The Business Research Company | PRODUCT CODE: 1522255
PUBLISHER: The Business Research Company | PRODUCT CODE: 1522255
Medical tray sealers are devices utilized to securely seal medical trays, ensuring the sterility and protection of their contents. They utilize heat and pressure to establish a tight seal between the tray and a film or lid, thus playing a vital role in maintaining the integrity of medical instruments and supplies during storage and transport.
The primary types of medical tray sealers comprise manual tray sealers and automatic tray sealers. Automatic tray sealers are machines engineered to seal medical trays with minimal human intervention. These sealers find applications in packaging surgical devices, pharmaceuticals, medical consumables, disposables, tubes, and diagnostic kits, catering to end users such as hospitals, clinics, research institutes, and others.
The medical tray sealers market research report is one of a series of new reports from The Business Research Company that provides medical tray sealers market statistics, including the medical tray sealers industry global market size, regional shares, competitors with the medical tray sealers market share, detailed medical tray sealers market segments, market trends, and opportunities, and any further data you may need to thrive in the medical tray sealers industry. These medical tray sealers market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The medical tray sealers market size has grown strongly in recent years. It will grow from $1.38 billion in 2023 to $1.51 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The expansion observed during the historical period can be attributed to various factors, including the growing demand for automated packaging systems, heightened focus on hygiene, increased awareness among healthcare professionals, the necessity for enhanced accuracy and productivity, easy handling, and low maintenance requirements.
The medical tray sealers market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing demand for sterile medical packaging, rising healthcare expenditure, regulatory requirements, and the upsurge in surgical procedures. Key trends expected in this period include technological advancements, innovation in materials, adherence to regulatory compliance, and a focus on customization and versatility.
The anticipated rise in healthcare expenditure is poised to propel the expansion of the medical tray sealer market in the foreseeable future. Healthcare expenditure encompasses the total amount allocated to healthcare goods and services, encompassing medical treatments, medications, hospitalizations, and preventive care, reflecting the comprehensive cost of healthcare provision within a given population. The growth of medical tray sealers is closely tied to healthcare expenditure as it stimulates demand for advanced medical equipment and technology, including sterilization and packaging solutions essential for maintaining safety standards. The healthcare infrastructure plays a pivotal role in ensuring the availability, upkeep, and effective operation of medical tray sealers, vital for the safe and sterile packaging of medical instruments. For instance, as reported by the National Institutes of Health in January 2024, healthcare expenditure in the US surged by 4.1% in 2022, reaching $4.5 trillion, marking a faster growth rate compared to the 3.2% increase observed in 2021. Thus, the upsurge in healthcare expenditure is a driving force behind the growth of the medical tray sealer market.
Leading companies in the medical tray sealer market are intensifying their focus on innovating solutions, such as automated cut-and-seal machines, to streamline the packaging process, boost efficiency, and cater to the evolving demands of the healthcare sector. Automated cut-and-seal machines are designed to automatically cut and seal materials, typically plastic or other packaging materials, to create sealed packages or pouches. For example, in February 2021, Sonoco Alloyd, a US-based packaging company, introduced the Roll-Feed Aergo 2 Plus, a novel roll-fed, cut-and-seal machine. Tailored specifically to seal medical trays with roll-fed lidding, this machine offers a swifter and more efficient method of sealing medical trays with Tyvek lidding sourced from roll stock. It eliminates the need for manual placement of cut lids, enhancing production speeds, seal quality, and accuracy while reducing material scrap and tooling costs.
In June 2022, ProMach, a US-based packaging company, acquired Reepack S.R.L. for an undisclosed sum. This strategic acquisition bolsters ProMach's foothold in the food packaging sector and enhances its position as a leading provider of protein packaging automation. Reepack S.R.L., headquartered in Italy, specializes in offering medical tray sealers as part of its packaging solutions tailored for the medical device industry.
Major companies operating in the medical tray sealers market are Multivac Inc., Nelipak Corporation, ULMA Packaging S.A.R.L, SencorpWhite, ILPRA SPA, Cama Group, Tramper Technology B.V., WEBOMATIC Maschinenfabrik GmbH, SEALPAC International B.V., Belco Packaging Systems Inc., BELCA S.A., ZED Industries Inc., VARIOVAC PS Systempack GmbH, Accu-Seal Corporation, Cima-Pak Corporation, Veripack Solutions S.L., Atlas Vac Machine LLC, Starview Packaging Machinery Inc., Italianpack S.r.l., APEX Packaging Corporation, G. Mondini S.p.A., The Platinum Package Group Inc., RapidPak Inc., Orved S.p.A., Veripack Solutions India Pvt. Ltd.
North America was the largest region in the medical tray sealers market in 2023. The regions covered in the medical tray sealers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the medical tray sealers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The medical tray sealers market consists of sales of rotary tray sealers, inline tray sealers, and heat sealers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Medical Tray Sealers Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on medical tray sealers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for medical tray sealers ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical tray sealers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.